Which of the following explains the concept of non- rivalry?
A) Where the private benefit from consuming a good or service exceeds the social benefit
B) Where the consumption of a good or service by one person will not prevent others from enjoying it.
C) When resources commonly available at no charge means that people are likely to overexploit them
D) Where there is no competition in the market between firms
E) Where it is not possible to provide a good or service to one person without it thereby being available for others to enjoy
Correct Answer:
Verified
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